Licensed property specialists, Sidney Phillips have successfully completed on the investment sale of the Ship, Long Sutton in Lincolnshire, an upmarket destination food public house and restaurant.
The Ship occupies a fully double glazed two-storey detached brick building underneath a feature thatched roof. The property benefits from being located adjacent to the locally renowned ‘duck pond’ on London Road where a number of the town’s residents visit during their leisure time.
Internally the property houses two sizeable trade areas, a commercial kitchen and two private apartments, externally the property benefits from a large rear car park and picturesque trade patio which allows frontal entry to the venue through feature bi-folding doors.
Zaine Lamont, Regional Valuations Manager for the Eastern Counties handled the sale and comments, “The Ship represented a superb investment opportunity with a rental yield of circa 11% which is rare to find in this current market, I would like to congratulate both parties and I look forward to the Ship continuing to be renowned for its upmarket food offering for years to come.”
Sidney Phillips sold the freehold interest of the Ship off an asking price of £495,000.
For further information about pubs for sale, investments for sale or how to buy a pub, please contact Sidney Phillips on 01981 250333 or please Click Here.